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MORTGAGE-�Sa�ings and Lccm Form --(Direct Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />Loan No
<br />THIS. INDENTURE, made this Of November 19 75 'by and between
<br />DONAL . D S.'ROUSH AND MARLENE c. ROUSH, husband and wife. each in 'his and her own riQht
<br />and as so.ouse of the other,
<br />of Ha I I County, Nebraska, cm mortgagor -S. and Home Federal Savings and Loan Association of Grand Isl 'd.
<br />cm
<br />a corporation organized and existing under the laws, of Nebraska with Its principal office and place of" business at Grand Islcmd, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor__�L_ for and in consideration of the sum of
<br />FORTY -F I VE, THOUSAIAD -AND NOZ I 00--� -------------------------------- Dollars (S A9 000 00
<br />the receipt of which is hereby acknowledged. do by these presents mortgage and warrant unto� said mortgagee, its successors and
<br />assigns. forever, all- the following described 'real estate, situated in :the county of— Ha I I
<br />A tract of land comprising a part of Lot 4, Island, Together with
<br />and State'bf Nebraska, to -wit:
<br />'he accretion.'land thereto, situated'in part of the Southwest Quarter of the Norl-hwest
<br />ua�tg (SW-LRIWI� and part of the Northwest Quarter of the Southwest Quarter (NVJzTSVhL,), al I
<br />n ec Y-hvenm(27) Tywnshi� 11 N rth anpfNjne (9), West of the 6th N.M In
<br />0
<br />all county, N.ebras a, ore l5ar icula ly describJ a o lows: Be inniny aT orfKviest
<br />orner of out we 4
<br />said S h st Quarter (SWI); thence Easterly along the Zrth ine of said South -
<br />est Qua�ter'(SW-L) a distance* f F&tv One and Five Tenths (41.5) feet to a -point on the
<br />astFM'Rigbt-?� 0ayOji8e of Locuat StreehvthenSe pnyy,9gj.North8rI� �ajg)1�81,T yf
<br />ay in a js ance ne Hun8re Forty- e an T ir , ix Hun re tRsfo??4 . e 0
<br />Opo.int 42.06'Feet East of the West -'Line of said Section.Twen . ty Seven (27), al . sb being a
<br />, nt on-the'Centerline of the.North Channel of the"Platfe River; thence Deflecting right
<br />30421 and ru'nhinq Northeasterl along said Centerline a'distance of One Hundred N' t
<br />nd Three Tenths T190.3) feet;%ence' deflecting Left (�04'8150" and running Northeasnt:rYy�
<br />long said Centerline, a distance of.Ninety Five (95.0)..feet; thence deflectin- Right 150391
<br />nd running Northeasterly alonq said:Centerline a distance of Seventy-Eiqht (10) Feet -to
<br />point on the.West line of LOT Thirty Four (34) Matthews -Subdivision; thence Southerly
<br />Ion said.WQst line of Lot Thirty Four (34), a Distance:of-Two Hundred TwentX (220.0) Feet,
<br />0 tRe Sou hwest Corner of said Lot Thirty -Four (34); thence EAsterl along t e South line
<br />f said Lot -Thirty Four (34) a ' distance of Thirty Eight ond Five TC -01 -is (3 .5) Feet, thence
<br />outherl� along a line Four Hundrey,Thirty-Three (433.0)�.'f'eet East of and Para[ . lel to the We
<br />ine of aid Southwest Quarter (SW7,-) a distance of Six H'Undred-Fifty Three and Fifteen o
<br />undr 1�)'fRel� ��SSc&d?fl?cTin Ri,�ht,91Y291"Tnd cyging WesTe�IX, a d' -of
<br />our A'utn�sre�',Nlr y T re ee 0 Yhe es ine o� sai oulhwes I u rter
<br />Together with all heating, lighting, and pluihbing equipment and fixtures, including -stokers and burners, screens, awningq, atormwindo
<br />wo
<br />and doors, and window shades or blinds, used on or in connection -.,,rith said property, whether the same are now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND. TO HOLD THE SAME, together with all and sirigular the tenements, heredilaments and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor__�_ hereby' covenant with said mortgagee
<br />that —the Y are at the Iriwfid, owner -E- of the premises above conveyed and described, and a rp
<br />of to of inheritance therein, free and clear- Df all encumbrances, and that t
<br />- - - '" anct indefeasible esta ---he V will warrant and
<br />defend the title thereto forever against the claims and derniandr; of all persons whomsoevei7.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment oi the sum of
<br />FORTY-FIVE'THOU8AND AND NO/100----� --------- 7 - - - - - - - - - - - - - - - - - - - - T)ollars
<br />with interest thereon, together with such charges and advances as may be duo and, payable to said mortgagee under the ternis and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor S to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The terms of said note are
<br />hereby incorporated herein by this reference.
<br />It is the interiii.on and agreement of the parties h'erato that this mortgage shall also secure any future advances made to said
<br />mortgagor S by'sald mortgagee, and any and all, indebtedness in addition to th.-Y �mount above stated which said mortgagors, or any
<br />of them, may owb:.to said mortgagee, however evidenced. whether by note, book account or otherwise. This mortgage shall remain in full
<br />force and effect b�tween the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured
<br />hereunder, Including' future advances, are paid in full -with interest.
<br />The mortgagoi__�_ h6reby assign— to said in . ortgageo all rents and income arisi . ng at any and . all times from said property and
<br />hereby authorizQ'said mortgagee or its agent, at its 'option, upon default, to take charge of said property and collect all rents and income*
<br />therefrom and apply the same to the payment of inteie ' st, principal, insurance premiums, taxes, assessments, repairs or improvements noces,.
<br />sary to keep said property in tenantable condition, or, to other charges or payments provided for herein or In the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance of naid note is fully.paid. The taking of possession hereunder shall in no
<br />mannor prevent or retard said mortgagee in the collection of said sums by forecloaur6 gr otherwise.
<br />The failure of th ' o mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br />the same at any later -,time, -and -to insist i1poir. arid.dnforco strict compliance with all the terms and provisions of Said note and of this
<br />mortgage. _:S
<br />if s
<br />said mortgagor z cause, to be. paid. to said mortgagee the entire amount due It hereunder, and under the terms cmd provisions
<br />of said note hereby, secdred, Including fut�re advancos,-and any extensions or renewals thereof In accordance with the terms and provisions
<br />thereof, and if said mortgagorL. shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />otherwise to remain in full force and,offect, and said mortgagee shall be entitled to the possession of all of said property, and may, at its
<br />option, declare the whole of said note and all Indebtedness represented thereby to be Immediately due and payable, and may foreclose this
<br />mortgage or take any other legal action to protect its right, and from the date of such default all Items of indebtedness secured hor*eby'
<br />shall draw interest at 9% per annuirt. Appraisoment waived.
<br />This mortgage shall be binding upon and shal .1 enure to the benefit of the heirm, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S h� VO hereunto set their banti S� the day and year first above
<br />Offalt'j -8. Roush --Ma—rTene G. Hous -IT
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